Faraday Technology Corporation has announced its unconsolidated operating results for the quarter ended June 30, 2008. The second quarter revenue was NT$1,188 million, while net income and basic earnings per share came to NT$141 million and NT$0.41 per share, respectively.
Due to the change of product mix and NTD appreciation, gross margin of the quarter was 43.4%, down 4.3% compared to the previous quarter (1Q08). The operating margin of 2Q08 was 13.3% after implementing a new ROC accounting rule of expensing employee profit sharing；net income was NT$141 million. Advanced process technologies (0.13-micron and 90-nanometer process) accounted for 20% of the overall ASIC revenue in the quarter, increased by 40% over the previous quarter (1Q08); and more than four times growth over the same period last year (2Q07).
The unconsolidated sales revenue for the first half of 2008 were NT$2,340 million, gross margin and net margin were 45.5% and 15.2% respectively. EPS for the first half of 2008 was NT$1.04.
